Development in business areas
Sandvik’s operations consists of three business areas: Sandvik Mining and Rock Solutions, Sandvik Rock Processing Solutions and Sandvik Manufacturing and Machining Solutions.
MSEK |
2022 |
2023 |
Change, % |
Change, %1) |
||||
|---|---|---|---|---|---|---|---|---|
Sandvik Mining and Rock Solutions |
62,895 |
64,527 |
3 |
–1 |
||||
Sandvik Rock Processing Solutions |
9,874 |
11,238 |
14 |
–13 |
||||
Sandvik Manufacturing and Machining Solutions |
46,428 |
49,247 |
6 |
–1 |
||||
Continuing operations |
119,196 |
125,011 |
5 |
–2 |
||||
Discontinued operations |
14,822 |
– |
n/m |
– |
||||
Group total |
134,019 |
125,011 |
–7 |
–2 |
||||
|
||||||||
MSEK |
2022 |
2023 |
Change, % |
Change, %1) |
||||
|---|---|---|---|---|---|---|---|---|
Sandvik Mining and Rock Solutions |
56,843 |
65,690 |
16 |
12 |
||||
Sandvik Rock Processing Solutions |
9,587 |
11,472 |
20 |
–3 |
||||
Sandvik Manufacturing and Machining Solutions |
45,901 |
49,340 |
7 |
0 |
||||
Continuing operations |
112,332 |
126,503 |
13 |
6 |
||||
Discontinued operations |
11,122 |
– |
n/m |
– |
||||
Group total |
123,453 |
126,503 |
2 |
5 |
||||
|
||||||||
MSEK |
2022 |
% of revenue |
2023 |
% of revenue |
Change, % |
Change, %1) |
||||
|---|---|---|---|---|---|---|---|---|---|---|
Sandvik Mining and Rock Solutions |
11,643 |
20.5 |
13,716 |
20.9 |
18 |
18 |
||||
Sandvik Rock Processing Solutions |
1,530 |
16.0 |
1,661 |
14.5 |
9 |
–15 |
||||
Sandvik Manufacturing and Machining Solutions |
10,023 |
21.8 |
10,597 |
21.5 |
6 |
–2 |
||||
Group activities |
–711 |
n/m |
–733 |
n/m |
3 |
11 |
||||
Continuing operations |
22,486 |
20.0 |
25,240 |
20.0 |
12 |
7 |
||||
Discontinued operations |
1,985 |
17.8 |
– |
– |
n/m |
n/m |
||||
Group total |
24,470 |
19.8 |
25,240 |
20.0 |
3 |
7 |
||||
|
||||||||||
Sandvik Mining and Rock Solutions
Sandvik Mining and Rock Solutions is a global leading supplier of equipment and tools, parts, service, digital solutions and sustainability-driving technologies for the mining and infrastructure industries. Order intake for the business area amounted to SEK 64,527 million (62,895), a decrease of –1 percent at fixed exchange rates for comparable units. Revenue totaled SEK 65,690 million (56,843), an increase of 12 percent at fixed exchange rates for comparable units. The EBITA margin was 21.0 percent (18.3) of revenues and the adjusted EBITA margin was 20.9 percent (20.5) of revenues. The items affecting comparability of SEK 67 million (–1,264) were primarily charges related to divestments and implementation of structural measures to support resilience ambitions.
MSEK |
2022 |
2023 |
||||||
|---|---|---|---|---|---|---|---|---|
Order intake |
62,895 |
64,527 |
||||||
Revenue |
56,843 |
65,690 |
||||||
EBITA |
10,379 |
13,783 |
||||||
EBITA margin, % |
18.3 |
21.0 |
||||||
Adjusted EBITA1) |
11,643 |
13,716 |
||||||
Adjusted EBITA margin1), % |
20.5 |
20.9 |
||||||
Return on capital employed, % |
22.6 |
24.6 |
||||||
Number of employees2) |
16,206 |
17,019 |
||||||
Items affecting comparability3) |
–1,264 |
67 |
||||||
|
||||||||
Sandvik Rock Processing Solutions
A leading supplier of equipment, service and technical solutions for processing rock and minerals in the mining and infrastructure industries. Order intake for the business area amounted to SEK 11,238 million (9,874), a decrease of –13 percent at fixed exchange rates for comparable units. Revenue totaled SEK 11,472 million (9,587), a decrease of –3 percent at fixed exchange rates for comparable units. The EBITA margin was 13.2 percent (13.9) of revenues and the adjusted EBITA margin was 14.5 percent (16.0) of revenues. The items affecting comparability were SEK –144 million (–201) mainly related to implementation of structural measures to support resilience ambitions.
MSEK |
2022 |
2023 |
||||||
|---|---|---|---|---|---|---|---|---|
Order intake |
9,874 |
11,238 |
||||||
Revenue |
9,587 |
11,472 |
||||||
EBITA |
1,330 |
1,517 |
||||||
EBITA margin, % |
13.9 |
13.2 |
||||||
Adjusted EBITA1) |
1,530 |
1,661 |
||||||
Adjusted EBITA margin1), % |
16.0 |
14.5 |
||||||
Return on capital employed, % |
16.7 |
8.6 |
||||||
Number of employees2) |
2,919 |
2,946 |
||||||
Items affecting comparability3) |
–201 |
–144 |
||||||
|
||||||||
Sandvik Manufacturing and Machining Solutions
Sandvik Manufacturing and Machining Solutions is a market-leading manufacturer of tools and tooling systems for advanced metal cutting, expanding into digital manufacturing and software solutions, as well as disruptive technologies like additive manufacturing and in-line metrology. Order intake for the business area amounted to SEK 49,247 million (46,428), a decrease of –1 percent at fixed exchange rates for comparable units. Revenue totaled SEK 49,340 million (45,901), an increase of 0.4 percent at fixed exchange rates for comparable units. The EBITA margin was 20.4 percent (19.8) of revenues and the adjusted EBITA margin was 21.5 percent (21.8) of revenues. The items affecting comparability of SEK –552 million (–935) were mainly related to M&A costs and implementation of structural measures to support resilience ambitions.
MSEK |
2022 |
2023 |
||||||
|---|---|---|---|---|---|---|---|---|
Order intake |
46,428 |
49,247 |
||||||
Revenue |
45,901 |
49,340 |
||||||
EBITA |
9,088 |
10,045 |
||||||
EBITA margin, % |
19.8 |
20.4 |
||||||
Adjusted EBITA1) |
10,023 |
10,597 |
||||||
Adjusted EBITA margin1), % |
21.8 |
21.5 |
||||||
Return on capital employed, % |
13.8 |
13.7 |
||||||
Number of employees2) |
20,802 |
20,326 |
||||||
Items affecting comparability3) |
–935 |
–552 |
||||||
|
||||||||